Abstract

This introductory, non-technical, text offers a reflective overview of what economics adds to our understanding of entrepreneurship. It is designed primarily to showcase to young entrepreneurship scholars several interesting research questions and a toolbox of methods to answer them. First, I will illustrate the kinds of questions that can be posed and answered using economics. Then I will present and discuss a selective list of "canonical" theoretical and empirical models that form the intellectual bedrock of the Economics of Entrepreneurship. After that, I present and discuss some well established theoretical contributions and empirical findings that have been generated by the approach. I conclude by discussing aspects of "What we don't know" – and should. This part of the text identifies several ideal future trends in research that build on and complement the foundations of entrepreneurship that are delineated in the main body of the text.

The Economics of Entrepreneurship

The Economics of Entrepreneurship is an introductory, non-technical overview of what economics adds to our understanding of entrepreneurship. The author identifies issues that can resolved using economic analysis, presents the theoretical and empirical models that form the intellectual foundations of the economics of entrepreneurship, and reviews well-established theoretical contributions and empirical findings consistent with these models. The Economics of Entrepreneurship provides details of the salient theoretical and empirical approaches that have been applied to entrepreneurship. These details are provided in a deliberately non-technical way in order to make the book as accessible to as wide an audience as possible. References are given to more detailed technical treatments of the issues which the interested reader can pursue if they wish.